Proposed legislation introduced to the New York City Council today would regulate residential leasing commissions. If this sounds familiar, a bill introduced to the New York City Council in February of 2019 would have limited the amount a residential broker hired by an owner could collect from a tenant to one (1) month’s rent, though […]
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There has been a lot discussion about the effects of COVID-19 on real estate in New York City. This client alert will address the obligations of commercial tenants and landlords as well as the requirements of residential landlords. How to allocate risk in the face of COVID-19? Commercial tenants are asking for abatements or deferrals […]